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Price performer?

Falcons' Blank may have overpaid for one-hit wonder

Posted: Friday March 07, 2003 8:04 PM
Updated: Friday March 07, 2003 9:12 PM
  Don Banks - Inside the NFL More in this column:
Around the league ...

Musings, observations, and tidbits of note after one week of the NFL's free agency shopping season:

  • Well, that settles it. In my next life, I want to come back as a free agent and sign with the Atlanta Falcons and their owner, Arthur Blank "Check." Is there a more generous man in the league to work for?

    Don't get me wrong. I like the Falcons' acquisition of Buffalo receiver Peerless Price on Friday. Atlanta quarterback Michael Vick desperately needed a top-flight receiver to throw to, and getting one in exchange for the draft's 23rd overall pick could wind up being a steal. In addition, the move keeps the Falcons' positive mojo flowing for a franchise still searching for its first back-to-back winning seasons.

    But that said, the Bills got their price, and the Falcons paid one to get Price. At least that's how I view issuing a $10 million signing bonus to a player who in his four-year career has recorded just one huge season and has never been his team's No. 1 receiver.

    Again, I like Price, and after David Boston's exit from the free-agent market on Wednesday, he was the consensus top-rated receiver available. He gives Vick a go-to guy and should lessen the amount of scrambling that the Falcons' gifted young passer does, thereby keeping him healthier.

    But what the Price deal again underlines is that in his short time in the league, Blank has gained a reputation for passing out inflated signing bonuses. Conventional wisdom says he overpaid by giving running back Warrick Dunn and offensive tackle Todd Weiner signing bonuses of $6.5 million and $5.5 million respectively last year, and this year the story has been similar.

    Keith Brooking is one of the game's best young middle linebackers and the former Georgia Tech star represents the heart and soul of the Falcons' defense. But the $10.6 million signing bonus that he received two weeks ago raised a few eyebrows around the league, with the thinking being that Atlanta paid a hometown markup rather than receiving a hometown discount.

    Throw in Price's eight-figure bonus -- which is payable over this year and next -- and even little-known safety Cory Hall's recent five-year, $12 million contract, and it's little wonder why free agents want to play in Atlanta these days. Who wouldn't want to at least stop by and see how many zeroes Blank might throw at you?

    "How you pay a guy and when you pay a guy is all relative," Falcons executive vice president and chief administrative officer Ray Anderson said Friday. "If it fits our scenario and our cap planning, we're comfortable with it. If we have to pay what some folks feel is a premium in terms of a bonus in order to secure and add to our core group of players, at least in the initial stages of our plan, we'll deal with that perception."

    Those who disagree that Price got overpaid might argue that good but not great left tackles like Luke Petitgout and Flozell Adams just received $10 million signing bonuses from the Giants and Cowboys. Price, goes the reasoning, is at least as good at his position as they are at theirs.

    But remember this: Quality left tackles are always going to be harder to find than quality receivers and require paying a premium to keep. A cool 63 percent of the league's starting left tackles (or 20 of 32) were drafted in the first round. By comparison, only 36 percent of the NFL's starting receivers (or 23 of 64) were first-round picks.

    Price may well be exactly what the Falcons' passing game needed, although it's fair to wonder if some of that $10 million could have helped address the problems that still remain on the offensive line. And you do hear some personnel men around the league question how he'll fare as a team's No. 1 receiver now that he doesn't have Eric Moulds drawing an opponent's top cover cornerback.

    Is Price another Alvin Harper waiting to happen, a solid No. 2 receiver who couldn't make the jump to No. 1 once he moved away from Dallas in free agency? Probably not. But with that $10 million bonus, the Falcons are banking heavily that he's among the game's top 10 receivers, and he hasn't proven that he merits that kind of billing just yet.

    In time, he may. For now, give the Falcons credit for getting the guy they wanted, and give them the distinction of having one of the league's freest spenders for an owner. Agree or disagree with him, as Friday again showed, "Mr. Blank Check" is willing to pay the Price.

    Around the league ...

  • Here's why I think the Jake Plummer contract is a good one from the Broncos' standpoint: The seven-year deal is worth just more than $40 million overall, but in reality Denver must only make a two-year, $8.19 million commitment to Plummer before it gets to reassess the relationship.

    Plummer's signing bonus was $7 million, and his base salaries in 2003-2004 are $530,000 and $660,000. Then the Broncos face a $6 million decision on Plummer in March 2005, when he's due that amount in the form of an option bonus. If things haven't worked out for the two sides, Denver can walk away from him after paying slightly more than $4 million per year for two years. That's a reasonable sum to find out if Plummer still has the stuff of star material.

    Plummer's contract is very similar to the one that Jeff George signed when he arrived in Oakland in 1997. That was reported as a five-year, $27 million deal, but in reality it was worth $7 million in the first two years ($5 million to sign, $2 million in total base salaries), before a void/buyback clause had to be activated by the third year. The Raiders wound up releasing George after the 1998 season, a fate the Broncos hope they don't have to repeat.

  • San Diego was in dire need of a receiver the caliber of David Boston and his signing this week could have the biggest impact of any move thus far in free agency. The former Cardinal is a rare blend of size and speed and if he has his personal life in order, he and LaDainian Tomlinson and Drew Brees should be a treat to watch grow together.

    But given Boston's recent off-field problems, how can Chargers head coach Marty Schottenheimer say with a straight face that he "absolutely" doesn't think Boston's character is an issue, and he has "no concerns?"

    Here's how I read those statements by Schottenheimer: "We really, really, really need a big-time receiver and I'm hoping that if I say everything believably enough, Boston's problems will never come back to make us all look like idiots."

    All I know is that Boston's agent, Mitch Frankel, was aware enough of his client's issues that he had him and another former receiving client, Cris Carter, hang out together in South Florida recently in the hope that Carter could counsel Boston about the maturity level he needs to succeed in the NFL.

    In a lot of ways, it's remarkable that the Cardinals were willing to give up on a talent like Boston, who is only 24 and had a dominant season as recently as 2001. I still don't understand the reasoning behind not franchising him, if only to consider potential trades and get something in return for him.

    But the Cardinals and the Ravens both had enough concerns about Boston off the field that they weren't willing to pay him $12 million in the first two years of a long-term contract, as the Chargers' deal includes. It's one thing to take the risk that San Diego took, given that the potential payoff is so great. But it's stick-your-head-in-the-sand silly to pretend the risk doesn't exist.

  • A week into the proceedings, I'd give the title of most curious signing to Washington for landing quarterback Rob Johnson as the team's backup for the still unproven Patrick Ramsey.

    Why? Here's what I know about the qualities that Redskins head coach Steve Spurrier appreciates in a quarterback: Spurrier has never really gone in much for the highly athletic, mobile-type quarterback. He wants a guy who sets up back in the pocket, makes the right reads and executes his offense with a minimum of mistakes. He doesn't like improvisers, or guys who are prone to miscues while trying to make something happen.

    Uh, I just described Johnson's game to a tee, did I not?

    Maybe Johnson was the best available veteran backup, but that doesn't mean he's a good fit for Spurrier's offense. If you were drawing it up, you couldn't convince me that there was a worse fit.

    Better break out the new box of visors at FedEx Field. If the Redskins need to rely on Johnson for any length of time next season -- and they're almost sure to with Ramsey still green and growing -- Spurrier's patience is going to be tested as maybe never before.

  • If you're keeping score at home, so far there are at least five teams that will have a new quarterback in terms of who started the majority of their games last season: Arizona, Baltimore, Denver, Chicago and Washington. In addition, another five (Carolina, Dallas, Cincinnati, Cleveland and St. Louis) also could have new starters.

    Speaking of the Browns, Cleveland head coach Butch Davis is playing it coy with his quarterback situation, and nobody ever said you have to name a starter in March. But know this: If they took a poll within the Cleveland organization, coaching staff included, backup Kelly Holcomb would beat out incumbent Tim Couch on the question of who should start. In a landslide.

    That said, Davis can't publicly give up on Couch yet, and he knows it. But Cleveland's quarterback question is one story that ain't going away.

  • Separated at birth: Marvin Lewis and Kentucky men’s basketball coach, Tubby Smith. Who's with me on this one?

  • On the off chance Emmitt Smith doesn't have at least a veteran minimum-type deal in another three months or so, Tampa Bay would be interested in him. Until then, consider them not in that market. Even if head coach Jon Gruden would like them to be.

  • It's still not clear if Detroit will be penalized for not interviewing a minority candidate before hiring Steve Mariucci, but here's one scenario floating around the NFL rumor circuit that could impact that situation. A league source told me this week that the Lions might consider hiring longtime Vikings personnel man Frank Gilliam, who is black, as their new director of player personnel, replacing the fired Bill Tobin.

    That possibility was news to Gilliam and the Vikings, but that doesn't mean that the league's committee on diversity hiring and the Cyrus Mehri group might not be in favor of seeing the Lions' front office make an addition along those lines, thereby blunting some of the criticism that came Detroit's way.

  • I think there's a story to be told regarding the Richie Anderson signing in Dallas, and I don't think it's as simplistic as new Cowboys head coach Bill Parcells stole one away at the last minute from his old nemesis, the New England Patriots. Although on the surface that's exactly what it looks like.

    Anderson, the former Jets fullback, played for Parcells in New York. But according to sources, the saga is a little more complicated than Parcells leaning on his New York ties to corral a player that both he and the Patriots coveted. Stay tuned.

  • If anybody really believes that Jerry Rice and Tim Brown actually received almost identical six-year, $30 million deals from the Raiders this week, I've got some waterfront property in the Everglades that can be had cheap.

    Both contracts were backloaded salary-cap era creations that are designed to do one thing: lower both players' 2003 cap values in order to free up room for the team to make necessary personnel maneuvers. Nothing in Rice's deal is real except that he'll earn about $2.2 million this year, and then Oakland will have to decide if it wants to pay him a $400,000 roster bonus next March and keep him in 2004.

    As far as Brown, suffice to say the final three years of his deal are worth $24 million of dummy money -- or $8 million per year. By comparison, he's only being paid $2.7 million this season.

    Everybody knew that the AFC champions had to do some drastic restructuring to get under this year's $75 million salary cap limit, and they did it. But Oakland is courting a future salary-cap crisis by backloading so many big deals, choosing to deal with the cap consequences at a later date.

    Don Banks covers pro football for SI.com.


     
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